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Economic Times
14-05-2025
- Business
- Economic Times
Did Raymond shares really crash 66%? 4 key things to know about the realty demerger
Raymond share price plunged 66% as the stock turned ex-date for the demerger of Raymond Realty. The sharp fall reflects a notional price adjustment, not a sell-off. Raymond Realty enters its next phase with strong financials, key project traction, and a Rs 40,000 crore pipeline. It is expected to list by Q2 FY26, following Raymond's strategic vertical spin-offs. Tired of too many ads? Remove Ads 1. Demerger triggers notional price adjustment Tired of too many ads? Remove Ads 2. Realty business steps out with strong numbers 3. Expansion through JDAs sharpens MMR focus 4. Raymond Realty listing expected by Q2 FY26 Shares of Raymond Ltd tumbled 66% on Wednesday, trading at Rs 530 compared to Tuesday's close of Rs 1,561.30, as the stock turned ex-date for the demerger of its real estate business, Raymond Realty. While dramatic on the surface, the sharp fall is not a sell-off but a notional price adjustment reflecting the separation of the realty arm, which will now operate as a standalone record date for the demerger is Wednesday, May 14, to determine eligible shareholders who will receive one share of Raymond Realty for every share held in Raymond. The demerger was completed on May 1, and the real estate entity is expected to list separately by the September quarter of steep fall in Raymond's share price is not due to selling pressure but is a notional adjustment to reflect the demerger of its real estate business. With Raymond Realty no longer a part of Raymond Ltd's financials, the parent company's stock has been repriced accordingly. Some trading platforms may still show unadjusted prices, making the markdown appear more severe than it however, are not losing value. They will now hold shares in both Raymond Ltd and the newly demerged Raymond Realty, which has built a strong presence in the Mumbai Metropolitan Region (MMR), begins its next phase with a net cash surplus of Rs 399 crore. In the March quarter, it reported revenue of Rs 766 crore, up 13% year-on-year, with EBITDA of Rs 194 crore and a healthy margin of 25.3%.Its booking value for the quarter stood at Rs 636 crore, driven by strong demand for key projects such as The Address by GS 2.0, Invictus, Park Avenue – High Street Retail in Thane, and The Address by GS in Realty is scaling operations through joint development agreements (JDAs), particularly in the MMR. In Q4, it signed new JDAs in Mahim and Wadala, adding Rs 6,800 crore in potential gross development value.'With these additions, the total potential revenue from our current real estate business is now close to Rs 40,000 crore, including Rs 25,000 crore from our Thane land parcel and Rs 14,000 crore from the JDA-led model,' the company Realty is set to be listed on both NSE and BSE by the September quarter of FY26. It will trade as a fully independent entity, enabling investors to value and track the business separately from Raymond's other demerger is part of Raymond's broader strategic transformation. The group previously spun off and listed its lifestyle business in September 2024, as part of a move to unlock value by creating focused verticals.
India Today
14-05-2025
- Business
- India Today
Raymond shares crash 64%: Why is the stock falling after realty demerger?
Shares of Raymond Ltd plunged over 64% on Wednesday, not due to any negative news or fundamentals, but as a technical adjustment linked to the demerger of its real estate business, Raymond last count, the stock was trading at Rs 556.45, down 64.36% from its previous close of Rs 1,561.30. The sharp fall coincided with the ex-date of the demerger, when Raymond shares stopped factoring in the value of its real estate HAPPENING?Today is the record date to determine eligible shareholders who will receive shares of Raymond Realty, following the May 1 demerger. Under the approved scheme, investors will get one share of Raymond Realty for every share held in Raymond Ltd. This is the second major demerger for the group, following the earlier split of its lifestyle business into Raymond Lifestyle, which listed on stock exchanges in September real estate arm — now demerged — is expected to list separately by the September quarter. Until then, Raymond's stock will reflect only the non-realty segments of the Realty ended FY25 on a strong note, clocking Rs 766 crore in revenue for the fourth quarter, up 13% year-on-year. Its booking value stood at Rs 636 crore, led by projects like The Address by GS 2.0, Invictus, and Park Avenue – High Street Retail in Thane, along with the JDA project The Address by GS in business also reported a healthy EBITDA of Rs 194 crore with margins at 25.3%, and sits on a net cash surplus of Rs 399 Realty is expanding beyond Thane, having signed two new Joint Development Agreements in Mahim and Wadala, together valued at Rs 6,800 crore. These take its non-Thane project count to six, strengthening its presence across the Mumbai Metropolitan Region (MMR).'This strategic move reinforces our commitment to unlock shareholder value and focus on pure-play businesses,' said Gautam Hari Singhania, Chairman and MD of Raymond. 'We are strengthening our footprint across MMR and delivering on our promise of timely, high-quality developments.'While the sharp price drop may have caught some investors off-guard — especially those using mobile trading apps that may not yet reflect the adjusted valuation — the correction is largely mechanical and not a reflection of weak the company gears up for the separate listing of Raymond Realty, the demerger is seen as a move to enhance transparency, operational efficiency, and growth potential in one of India's most competitive real estate markets.
Time of India
14-05-2025
- Business
- Time of India
Raymond shares crash 66%: 4 key things to know about the realty demerger
Shares of Raymond Ltd tumbled 66% on Wednesday, trading at Rs 530 compared to Tuesday's close of Rs 1,561.30, as the stock turned ex-date for the demerger of its real estate business, Raymond Realty. While dramatic on the surface, the sharp fall is not a sell-off but a notional price adjustment reflecting the separation of the realty arm, which will now operate as a standalone entity. The record date for the demerger is Wednesday, May 14, to determine eligible shareholders who will receive one share of Raymond Realty for every share held in Raymond. The demerger was completed on May 1, and the real estate entity is expected to list separately by the September quarter of FY26. 1. Demerger triggers notional price adjustment The steep fall in Raymond's share price is not due to selling pressure but is a notional adjustment to reflect the demerger of its real estate business. With Raymond Realty no longer a part of Raymond Ltd's financials, the parent company's stock has been repriced accordingly. Some trading platforms may still show unadjusted prices, making the markdown appear more severe than it is. Shareholders, however, are not losing value. They will now hold shares in both Raymond Ltd and the newly demerged Raymond Realty. 2. Realty business steps out with strong numbers Raymond Realty, which has built a strong presence in the Mumbai Metropolitan Region (MMR), begins its next phase with a net cash surplus of Rs 399 crore. In the March quarter, it reported revenue of Rs 766 crore, up 13% year-on-year, with EBITDA of Rs 194 crore and a healthy margin of 25.3%. Its booking value for the quarter stood at Rs 636 crore, driven by strong demand for key projects such as The Address by GS 2.0, Invictus, Park Avenue – High Street Retail in Thane, and The Address by GS in Bandra. 3. Expansion through JDAs sharpens MMR focus Raymond Realty is scaling operations through joint development agreements (JDAs), particularly in the MMR. In Q4, it signed new JDAs in Mahim and Wadala, adding Rs 6,800 crore in potential gross development value. 'With these additions, the total potential revenue from our current real estate business is now close to Rs 40,000 crore, including Rs 25,000 crore from our Thane land parcel and Rs 14,000 crore from the JDA-led model,' the company said. 4. Raymond Realty listing expected by Q2 FY26 Raymond Realty is set to be listed on both NSE and BSE by the September quarter of FY26. It will trade as a fully independent entity, enabling investors to value and track the business separately from Raymond's other operations. The demerger is part of Raymond's broader strategic transformation. The group previously spun off and listed its lifestyle business in September 2024, as part of a move to unlock value by creating focused verticals. Also read | MSCI May Rejig: Nykaa, Coromandel join Global Standard Index; 12 additions in Indian Smallcap Index ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
